230 E Evesham Rd APT B1GlendoraNJ08029
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Glendora at 230 E Evesham Rd APT B1, Glendora, NJ, 08029 offers a 9.41% rental yield on a $109,900 purchase with $862/mo rent. Total monthly income registers $862/mo, and a $538/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $943/yr on $36,432 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $709/yr while 5% annual appreciation supports $30,363 over five years. Portfolio math shows five-year ROI at 118% and total cumulative return in cash at $42,988. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $862/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08029, Glendora, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,473 (71.0%) |
| Renter Occupied HU | 528 (25.4%) |
| Vacant Housing Units | 75 ( 3.6%) |
| Median Home Value | $263,837 |
| Average Home Value | $375,560 |
Housing Distribution
Address Breakdown
Residential
1,973
Single Family
1,846
Multi-Family
127
Businesses
114
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Listed by: Michael DeFillippis • OMNI Real Estate Professionals
Mls Name: Bright MLS
Mls ID: #NJCD2103494